Using The Tape: $PRGO

Reading the tape is an essential skill for actively day trading.   The tape, also known as the time and sales window, shows the trader important information about order flow.  It is a stream of data on price and volume, which are two important criteria for intra-day trading decisions .  Tape reading takes time to learn and takes practice to understand … Read More

Forex Road Map

Marc Principato, CMT records a trade setup as it happens on the S&P 500 CFD instrument. This is an example of how the traders in the SMB Forex and Futures program manage emerging opportunities. It’s like having a road map. Can you see the value? Marc is going to demonstrate the advantages using price and volume pattern recognition to formulate … Read More

Don’t Dig a Trading Hole Like These Traders

The below is an excellent reminder for us as traders.  It comes from a trade recap after trading today. 1) When returning from vacation take it slow. 1a) An experienced trader ripped it up on a new platform yesterday prompting an email from SMB to get used to the system- take it slow. 2) Let the market come to you. … Read More

The Forex Road Map

When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More